Elon Musk, the co-founder and CEO of automaker Tesla Inc

The world’s richest person and Tesla Inc chief Elon Musk has announced a reward of $100 million for development of the “best” technology to capture carbon dioxide emissions.

On Thursday, Musk tweeted, “Am donating $100M towards a prize for best carbon capture technology.”

In a subsequent tweet, he wrote, “Details next week.”

The entrepreneur who has a range of scientific endeavours including space exploration, self-driving cars, and will to establish a self-sustaining city on Mars is now focusing on saving the environment, which is choked with carbon emissions, which in turn are worsening the threat of climate change.

Also Read: Elon Musk’s two-word tweet confirms Tesla’s India plan

His tweet comes at a time when Joe Biden has taken charge of the Oval Office, and among the first of his priorities, he rejoined the US to Paris Agreement.

Biden has pledged to accelerate the development of carbon capture technology as part of his sweeping plan to tackle climate change. He named Jennifer Wilcox, an expert in carbon removal technologies, as the principal deputy assistant secretary for fossil energy at the US Department of Energy on Thursday.

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